CASE Critical Thinking Questions

question 57

Multiple Choice

CASE
Critical Thinking Questions
Case 8-1
One of your fellow programmers has written the following array assignment statements for your review:
Dim strNames() As String = {"Baker" "Lopez", "Buck", "Chan", "Tirrell"}
Dim intReservations() As Integer = {4, 5, 12, 2, 8}
-Where is Baker stored?

• A) strNames(-1)
• B) strNames(0)
• C) strNames(1)
• D) None of the above

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Definitions:

Board of Directors

The Board of Directors is a group of individuals elected to represent shareholders and oversee the activities and strategic direction of a company.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to govern financial reporting.

Financing Provided

Funds supplied to businesses or individuals for the purpose of investing, expansion, or operating expenses that are expected to be repaid in the future.

Retained Earnings

The segment of net profits that are not distributed as dividends, instead kept within the company for reinvestment in its main operations or for debt repayment.